New Financial Bills, Policies
Will Affect Czech Markets

By

David Rocks Special to The Wall Street Journal

Updated Nov. 26, 1997 12:02 p.m. ET

PRAGUE -- With three new legislative initiatives aimed at the financial markets, a renewed push to privatize banks and a revamped policy on incentives for foreign direct investment, change is in the air in the Czech Republic.

In the past month, the Czech Chamber of Deputies, or lower house of Parliament, has passed both a law creating a securities commission to police the country's notorious financial markets, and an amendment to the...